As markets evolve and become more complex and new technologies emerge, how will CFOs and others in the finance function know which information to rely on? To remain effective, finance must be ready to adopt the right technologies at the right time for the right purposes. Technology has already improved audit quality, for instance, but how might newer technologies like artificial intelligence and blockchain deliver greater insight and better judgement?
This future vision might be closer than you think. But getting there means understanding what’s real, what’s hype, and how to lay the groundwork today. Read on to learn how tomorrow's technologies can impact the finance function today.
"With 62% of finance executives in organizations making significant investments in AI over the next three years, and 13% in blockchain, expect more innovation to accompany emerging technologies.”
We provide a practical perspective clarifying emerging technology’s role in the context of finance executives' pain points, whether it’s higher productivity in the finance function or improved working capital management; lower cost of compliance or higher quality assurance with stakeholders; stronger strategic planning or painless budgeting. Learn what’s here today - and what the finance function should do today to prepare for the future.
Three promising technologies are robotic process automation (RPA), artificial intelligence (AI), and blockchain. These technologies may seem like daunting and unproven exercises best left for technology leaders. But the reality is that there are discrete ways that the finance function can use them to create immediate benefits.